# Google's AI Chip Business Is Booming. Why Gemini 4 Matters More For Google Stock. > Source: > Published: 2026-08-25 14:40:50+00:00 Alphabet's (GOOGL) business of selling artificial intelligence accelerator chips is booming, says a Morgan Stanley report. But that's not enough to "re-rate" Google stock, the brokerage maintains. That will have to wait until Google rolls out a new AI model, Gemini 4. On Wall Street, re-rating usually refers to the valuation multiple investors are willing to pay for a company's… # Google's AI Chip Business Is Booming. Why Gemini 4 Matters More For Google Stock. Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8